China begins review of CK Hutchisons' port deal for security concerns, Bloomberg News reports

, Reuters -  12:05 AM ET 3/18/2025 Company News

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March 18 (Reuters) - Chinese authorities have begun looking into Hong Kong-based conglomerate CK Hutchison's ( CKHUF ) sale of its overseas port businesses to a BlackRock ( BLK )-led consortium, Bloomberg News reported on Tuesday.

Senior Chinese leaders have directed multiple agencies, including the State Administration for Market Regulation (SAMR), to review the deal for potential security risks and antitrust violations, the report added. (Reporting by Surbhi Misra in Bengaluru)

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